105 Thoughts on post-hyperbitcoinization
or how Bitcoin‘s impulses will scale up into the future.
(Klicke hier für die deutsche Version.)
„The future is already here — it’s just not evenly distributed.“ William Gibson
Unrestrained environmental destruction, increasing surveillance of citizens, and polarizing politics make one thing clear: democracy is degenerating worldwide. We need a way out.
I‘m convinced Bitcoin is the way out. It impacts the most important areas that will recalibrate our democracy. In order to illustrate the impact of Bitcoin while keeping my thoughts brief, I will only touch on it below. Just combine these thoughts with each other to imagine the future more tangible.
My thoughts focus on those areas that are fundamental to the next stage of our democracy, like axioms. With these fundamentals I do not claim to convince you. Think of it rather as a door into another future. By informing yourself, you‘ll be in a position to use this door as you wish. By deciding for yourself how you want to live, you can pass through the door or not. By remaining open to the perspectives of others and compromising with them, you can help shape the door to the future.
Bitcoin’s gravitational force
1.) There can be a maximum amount of 21 million Bitcoins.
2.) This limitation will affect the areas: power, taxes, knowledge, journalism, electoral system and common welfare.
3.) Most of these areas will be forced to save their Bitcoins, because more cannot be created.
4.) This scarcity will lead to a system change for the better.
Bitcoin distributes the power
5.) Bitcoin remains the only decentralized currency in the world humans trust in.
6.) Other cryptos try to imitate Bitcoin, but can‘t hold a candle to it.
7.) Bitcoin trusts nobody.
8.) Bitcoin’s protocol makes sure that all participants adhere to the rules of the network.
9.) Bitcoin eludes changes through politics or economics.
10.) Each individual can decide what to spend their money on without banks or governments being able to prevent them.
11.) Bitcoin remains the sound money including everyone to decide on its further development together.
12.) Scarcity will be the only reason for inflation.
13.) The socio-technical progress will deflationate Bitcoin.
14.) Scarcity and abundance determine high or low prices.
15.) Prices aggregate information about market needs.
16.) Prices are signals for individual decisions on how to act.
17.) Price signals draw attention to changes in human needs.
18.) High prices signal growth markets and low prices market saturation.
19.) High profits promote competition in the market.
20.) The local economy is driven by needs.
21.) Local decisions determine global actions.
22.) Bitcoin will be the measuring tool of subjective values and human needs.
23.) Central power being distributed onto individual decisions will bring more autonomy of decision and self-determination.
Taxes steer the society
24.) The anonymity of Bitcoin payments will increase.
25.) Without fiat money, only Satoshis or Bitcoins will be exchanged between their owners (no KYC).
26.) Today’s possibilities of anonymization (like BTC mixer, anonymous exchanges, etc.) will change their appearance, but not their purpose.
27.) Banks will only store or lend Bitcoins, but they cannot create them out of thin air.
28.) Bitcoin will bring tax losses to each state.
29.) States will be forced to re-think their tax systems from the ground up.
30.) The only controllable form of tax deduction will be the excise tax.
31.) The excise tax is composed of various sub-taxes (e.q. for environmental pollution).
32.) Sub-taxes will determine human behavior according to a bonus-malus system.
33.) The bonus-malus system will influence people’s behavior in real time.
34.) Real-time taxes are society’s feedback at the moment of purchase as to whether a product or service is in their best interest.
35.) For example, if one of two computers was manufactured in an environment-friendly way and the other was not, the customer could choose between a low price for environmental protection and a higher price including taxes for pollution.
36.) Regenerative energy will be profitable because it can be produced in abundance and the excess capacity can be used for Bitcoin mining.
37.) Fossil energy is a thing of the past because it is expensive and produces CO2 for which an environmental tax must be paid.
38.) If tax revenues benefit only a few instead of everyone, citizens will find ways to circumvent them through Bitcoin.
39.) Citizens will not avoid excise taxes if they are convinced of their purpose for society.
40.) To ensure this, citizens will decide on taxes — not politicians or parties.
41.) Real-time taxes will provide the individual with value guidelines that unite them in purpose and keep them together as a society.
Contest of knowledge
42.) In order to minimize costs, the work of the ministries of education and thus the educational system will be organized in a more decentralized manner.
43.) The tasks of the ministry of education will be reduced to the evaluation of learning successes and to promoting the exchange of teaching methods among teachers.
44.) Students will no longer be measured by their memorized knowledge but by their collective problem-solving skills.
45.) Each teacher will design and be responsible for their own curriculum because they best know the needs of their students.
46.) Knowledge derived from publicly funded research will be freely accessible.
47.) School attendance is a duty, but learning is a right.
48.) Teachers will have to make sure that their students (enjoy) learning but must not force them to do so.
49.) This learning experience will impact how employees work together in companies.
50.) Organizations will reduce hierarchies.
51.) Also, because Bitcoin forces them to save.
52.) Employees will organize into flexible groups that can overlap with each other.
53.) Employees in each group will identify and prioritize their upcoming tasks together.
54.) Each employee will be able to choose their tasks from those that have been prioritized collectively.
55.) They will be responsible for completing them and their results will be double-checked by colleagues.
56.) This will increase efficiency and well-being in schools and businesses.
57.) Daily working hours will be reduced to under 6 hours — without any loss of pay.
58.) Bitcoin will change schools and businesses in such a way that every individual will have the freedom to figure out on their own how they want to contribute to society.
Nonprofit journalism
59.) With Satochis increasing in value, people will save rather than spend them on poorly researched articles.
60.) Media literacy becomes a civic duty.
61.) People will develop a sixth sense for fake news.
62.) Most people will realize that news publishers are more interested in making profits than in distributing the truth.
63.) Increasing individual self-determination needs trustworthy information.
64.) This will lead to an increase in crowd-funded journalistic research services.
65.) Quality journalism becomes the survival strategy for news publishers.
66.) Nonprofit journalists become the biggest competition for profit-oriented news publishers.
67.) Self-determination does not mean doing everything on your own but to create trustworthy networks.
Vote for topics instead of persons or parties
68.) Bitcoin will take democracy to a new level.
69.) Bitcoin forces politicians to save money.
70.) State apparatuses will shrink.
71.) The amount of Bitcoins held by states will not suffice to allow for pork barrel politics.
72.) This reorganization will produce a society whose citizens gather ideas, goals and topics to decide on in free elections.
73.) The electoral system will change from the election of parties/politicians to the election of topics to be worked on for the next legislative period.
74.) Tax revenues will be used to fund only those topics that a majority of people find meaningful.
75.) Where sense and is possible, new laws become automated as smart contracts for a bonus-malus tax.
76.) Laws will only last as long as they benefit the majority.
77.) Dictatorships will disappear because they will impoverish without control over Bitcoin.
78.) A direct democracy will replace parliamentary democracy.
79.) Individual opinions aggregate into societal goals supported by the majority.
Self-determination for common welfare
80.) Bitcoin undercuts economic policy and promotes economics on demand.
81.) Tax revenues are used to finance the implementation of the elected themes plus community infrastructure.
82.) Bitcoin promotes sustainability, meaning that each generation lives at its own expense and not that of its descendants.
83.) Bitcoin will reward saving, but not inheriting.
84.) Bitcoin will promote its equal distribution as a reaction to job losses due to automation and artificial intelligence.
85.) Bitcoin will bring a worldwide Unconditional Basic Income for everyone.
86.) A worldwide Unconditional Basic Income will harmonize the prices all over the world.
87.) This will counteract the migration of companies and jobs to as well as the exploitation of underdeveloped countries.
88.) Unconditional Basic Income will lead to dignified self-determination because no one will have to work for their sustenance.
89.) Each person will be able to decide with dignity what is best for them.
90.) This includes deciding between equivalent products with different prices on each single purchase.
91.) The more expensive products contain more real-time taxes due to harms they add to society.
92.) Unconditional Basic Income will act as individual venture capital and promote social and technological progress.
93.) Unconditional Basic Income will motivate people to accomplish great things to leave their name instead of a fortune.
94.) Unconditional Basic will give each citizen freedom of choice and self-determination for the good of the community.
Bitcoin creates Spoconism
95.) Bitcoin’s characteristics starting with its limitation to 21 million up to its democratic evolution are making money scarcer.
96.) Because Bitcoin can not be made out of thin air, different areas will have to save money.
97.) Austerity pressures will lead to a reorganization of society.
98.) This reorganization will return the centralized tasks of governments to their citizens.
99.) This decentralization promotes self-determination for the good of the community.
100.) This, I call Spoconism.
101.) The word is made up of the Latin words spontaneitas and conducibile, which mean: self-determined action for the common good.
102.) What have I missed?
103.) Where else can Bitcoin take us?
104.) What would you like to add?
105.) Bitcoin is for Spoconism.
***
Did my 10,076 characters give you a new insight? Honor them with a donation via Lightning. You want to read more from me? Support my work with a few Satoshis. Understanding takes time. Your promotion gives me time to organize my thoughts and write them down.
***
Table of contents
I) Abstract: The social influence of money
II) Problem description: Consequences of the Bitcoin FUD, The unequal distribution of fiat money and Bitcoin
III) Vision: 105 Thoughts on post-hyperbitcoinization
IV) The solution: 14 reasons, why Bitcoin leads to an Unconditional Basic Income
